Quality of Life in Raleigh, NC on a $174,320 Salary

Cost of Living

• Overall Cost: The cost of living in Raleigh, NC is relatively moderate compared to many other parts of the United States, particularly large metropolitan areas.
• Groceries and Utilities: These are slightly below the national average, allowing for discretionary spending or savings.
• Transportation: Slightly lower than the national average, owing to manageable commute times and a relatively efficient public transit system.

Housing Market

• Median Home Price: As of the latest data, the median home price in Raleigh is around $370,000, which is slightly below the national median.
• Affordability: A salary of $174,320 comfortably supports homeownership in Raleigh’s housing market, with a healthy budget for a range of properties from downtown condos to suburban houses.
• Market Trends: The housing market is growing but still offers good value compared to other tech hubs.

Quality of Life

• Community and Environment: Known for its green spaces, mild climate, and family-friendly amenities, the quality of life in Raleigh is highly rated.
• Cultural and Recreational Activities: The city offers diverse cultural experiences, including museums, music, and outdoor festivals.
• Crime Rate: Generally lower than national averages, further enhancing livability.

Access to Healthcare

• Healthcare Facilities: Raleigh is home to prestigious healthcare institutions and offers comprehensive healthcare services.
• Insurance and Costs: With a higher income, individuals can access a higher tier of healthcare plans, ensuring excellent medical care.

Quality of K-12 Schools

• Public Schools: Raleigh boasts several highly rated public schools with strong academic programs.
• Private and Charter Schools: There are numerous alternatives for families seeking different educational environments.
• Higher Education: Proximity to prominent universities like NC State University supports a thriving educational atmosphere.

Summary

Living in Raleigh, NC, on a $174,320 annual salary provides a comfortable lifestyle relative to the national cost of living and housing prices. With affordable housing, access to top-quality healthcare, quality K-12 education, and a vibrant community life, Raleigh offers an appealing environment for families and individuals alike. The city's growing tech industry further enhances job opportunities and economic stability, making it an attractive place to live.